=TERMINOLOGY
  • Tariff: is a tax that people and/or big companies pay to complete exports and imports between countries.

  • Globalization: is when economy, culture and society of the countries all over the world become integrated through trade and communication.

  • Capital: is one of three factors of production that helps companies to produce services and products.

  • Industrialization: is when the economy and society of a country change into another, from agrarian to industrial and is part of a modernisation process.

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